Xledger

06/06/2024

Cloud ERP Software: Top Solutions & Benefits

If you decide to move your business to a new cloud ERP software or adopt this option for the first time, understanding precisely what it brings to the table is a crucial first step. Without knowing what benefits to expect, you may miss the opportunity to improve your business operations and gain a competitive advantage.

05/30/2024

Project Accounting Principles, Processes, and Solutions

Project accounting is a unique type of accounting that drills down into the financial details of individual projects. Unlike traditional accounting methodologies, which monitor financial outcomes at a broader company level, project accounting zeroes in on the specific revenues, expenses, and profitability of individual projects.

05/21/2024

Inventory Turnover Ratio: Everything You Need to Know

Businesses that don’t understand accounting are destined to fail. That’s especially true for those who carry an inventory. Mismanaging inventory and cash flow are two sides of the same coin. Keeping a poor inventory could lead to issues with your business liquidity, like tying up excess capital to inventory or missing out on sales opportunities […]

05/16/2024

Consigned Inventory: Definition, Accounting, and Advantages

Supply chain management is integral to running a successful business that sells products. In fact, it’s virtually impossible to succeed in the long run without appropriately managing inventory. One such inventory management strategy to consider is consigned inventory, which we’ll discuss in detail today. This post will discuss consigned inventory, explore consignment inventory arrangements, and […]

05/09/2024

What is Financial Reporting and Why is it So Important?

Financial reporting: two words often heard together but whose vast scope is not always fully understood. In this article, we plan to change that! Here, we’ll explore the maze of financial reporting, unraveling its essential components and shining a light on why it remains a pivotal process in today’s business world. Whether you’re a seasoned […]

05/02/2024

How Finance Automation Tools Help Staff Add Value

Finance automation tools have come a long way from the basic calculator. Now, finance teams rely on automation in finance and accounting to significantly streamline aspects of their work that once required hours of manual labor. These revolutionary tools transform finance functions, helping teams add immense strategic value to their organizations. But what exactly are […]

Blogs

Check out our Blogs: The Art of Accounting

Accounts Payable vs Accounts Receivable: How Are They Different?